Економіка жорсткої економії та фіскальна демократія: міжнародний досвід і проблеми України
Economics of austerity and fiscal democracy: international experience and Ukraine’s problems
Author(s): O. M. MoskalenkoSubject(s): National Economy, Supranational / Global Economy
Published by: Національний юридичний університет імені Ярослава Мудрого
Keywords: Еconomics of austerity; government expenditures; policy of austerity; lack of fiscal democracy; competition within social priorities; declining society; innovative development;
Summary/Abstract: The article observes the theoretical approaches and practical principles of austerity policies and, at the same time, causes of austerity economics formation. The author analyzes the alternative views on the austerity policies, such as neo-Keynesianism, neoclassic and neoliberalism. The author presents a comparative political and economic analysis of the positive and negative impact of discretionary policies to reduction of government spending on the economy. The essence of fiscal democracy is substantiated, causes of fiscal non-democracy in Ukraine are revealed, and results of financing of science are analyzed (in comparison with Poland). The proposals on the use of the positive potential of the economics of austerity as a policy for optimization and rationalization expenditures taking into account the real needs of the society for innovative development.
Journal: Економічна теорія та право
- Issue Year: 3/2016
- Issue No: 26
- Page Range: 93-112
- Page Count: 20
- Language: Ukrainian